High volatility in Camber Energy, Inc. stock price on Thursday which ended trading at $3.82StockInvest.us, 2 months ago
The Camber Energy, Inc. stock price gained 11.70% on the last trading day (Thursday, 30th Sep 2021), rising from $3.42 to $3.82. , and has now gained 7 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the day the stock fluctuated 27.03% from a day low at $3.44 to a day high of $4.37. The price has risen in 7 of the last 10 days and is up by 122.09% over the past 2 weeks. Volume fell on the last day by -492 million shares and in total, 450 million shares were bought and sold for approximately $1.72 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
Given the current short-term trend, the stock is expected to rise 92.1% during the next 3 months and, with a 90% probability hold a price between $2.28 and $7.34 at the end of this 3-month period.
Mostly positive signals in the chart today. The Camber Energy, Inc. stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $2.65 and $1.22. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, August 19, 2021, and so far it has risen 1 015.65%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
On the downside, the stock finds support just below today's level from accumulated volume at $3.42 and $3.22.With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $3.22 may give a huge drop in the stock price.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.93 between high and low, or 27.03%. For the last week, the stock has had a daily average volatility of 35.87%.
The Camber Energy, Inc. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.Since the Camber Energy, Inc. has been rising for 7 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Camber Energy, Inc. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.Check full Camber Energy, Inc. forecast and analysis here.